The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New Mexico residents, the state will deduct 5.9% from your lottery earnings.
| New Mexico MEGA Millions Jackpot/Cash Option for Tue Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(5.9%) | $11,003,500 | | Net Lumpsum Payment | $106,531,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$393,388 |
$3,846,865 |
| 2 |
$7,001,172 |
$2,550,764
$413,069 |
$4,037,339 |
| 3 |
$7,351,142 |
$2,680,253
$433,717 |
$4,237,172 |
| 4 |
$7,718,832 |
$2,816,298
$455,411 |
$4,447,123 |
| 5 |
$8,104,685 |
$2,959,064
$478,176 |
$4,667,445 |
| 6 |
$8,510,030 |
$3,109,041
$502,092 |
$4,898,897 |
| 7 |
$8,935,310 |
$3,266,395
$527,183 |
$5,141,732 |
| 8 |
$9,382,297 |
$3,431,780
$553,556 |
$5,396,961 |
| 9 |
$9,851,434 |
$3,605,361
$581,235 |
$5,664,838 |
| 10 |
$10,344,050 |
$3,787,629
$610,299 |
$5,946,122 |
| 11 |
$10,861,031 |
$3,978,912
$640,801 |
$6,241,318 |
| 12 |
$11,404,149 |
$4,179,866
$672,845 |
$6,551,438 |
| 13 |
$11,974,290 |
$4,390,818
$706,483 |
$6,876,989 |
| 14 |
$12,573,226 |
$4,612,424
$741,820 |
$7,218,982 |
| 15 |
$13,201,843 |
$4,845,012
$778,909 |
$7,577,922 |
| 16 |
$13,861,913 |
$5,089,238
$817,853 |
$7,954,822 |
| 17 |
$14,554,765 |
$5,345,593
$858,731 |
$8,350,441 |
| 18 |
$15,282,614 |
$5,614,898
$901,674 |
$8,766,042 |
| 19 |
$16,046,789 |
$5,897,642
$946,761 |
$9,202,386 |
| 20 |
$16,849,062 |
$6,194,483
$994,095 |
$9,660,484 |
| 21 |
$17,691,648 |
$6,506,240
$1,043,807 |
$10,141,601 |
| 22 |
$18,576,319 |
$6,833,568
$1,096,003 |
$10,646,748 |
| 23 |
$19,504,847 |
$7,177,124
$1,150,786 |
$11,176,937 |
| 24 |
$20,480,333 |
$7,538,054
$1,208,340 |
$11,733,939 |
| 25 |
$21,504,106 |
$7,916,850
$1,268,742 |
$12,318,514 |
| 26 |
$22,579,710 |
$8,314,823
$1,332,203 |
$12,932,684 |
| 27 |
$23,708,474 |
$8,732,466
$1,398,800 |
$13,577,208 |
| 28 |
$24,893,942 |
$9,171,089
$1,468,743 |
$14,254,110 |
| 29 |
$26,138,772 |
$9,631,676
$1,542,188 |
$14,964,908 |
| 30 |
$27,445,622 |
$10,115,211
$1,619,292 |
$15,711,119 |
|
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